BSE details circuit breakers for Nifty, Sensex during Apr-Jun

[K.Karthik Raja]

BSE details circuit breakers for Nifty, Sensex during Apr-Jun

MUMBAI - Bombay Stock Exchange today detailed circuit breakers for
Apr-Jun, which will trigger a co-ordinated suspension in trading
across all equity and derivative markets in case the key indices move
by 10%, 15%, or 20% on either upside or downside, the exchange said in
a release.
The circuit breakers will come into effect as soon as either of
the key indices--Bombay Stock Exchange's Sensex or National Stock
Exchange's Nifty-- breach these levels.
Details of the halt triggered by circuit breakers are as follows:
* In case of a 10% movement in the indices:
--There will be a one-hour market halt if the movement takes place
before 1PM;
--30 minutes halt if movement takes place at or after 1PM but before
2.30PM;
--No halt if movement takes place at or after 2.30PM;
* In case of a 15% movement:
--Two-hour halt if movement takes place before 1PM;
--One-hour halt if level is breached on or after 1PM but before 2PM;
--Trading will stop for the day if trigger is reached on or after
2PM.
* In case of a 20% movement, the trading will be halted for rest of
the day.
.
PERCENTAGE MOVEMENT
Percentage movement of indices for circuit breaker is calculated
on the
closing value of the indices on the last trading day of the previous
quarter,
BSE said.
For quarter ending June, circuit breakers would be a 10%, 15%, 20%
movement from today's close of Nifty and Sensex, respectively.
Sensex today ended at 15644.44, down 726.85 or 4.4% from Friday.
Based on its close today, BSE said that the circuit breakers for
Sensex in
Apr-Jun are as follows:
PERCENTAGE EQUIVALENT POINTS
10% 1575
20% 2350
30% 3125


K.Karthik Raja
www.kences1.blogspot.com